Browsing: sugar

Agriculture Sugar cane at Tongaat Hulett's Mafambisse estate
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The government of Mozambique is guaranteeing that sugar mills in Mafambisse and Xinavane will not be closed and no workers will be laid off, despite financial troubles for the mills’ majority shareholder, trade minister Ragendra de Sousa told

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Agriculture The Xinavane sugar refinery. Photo: Tongaat Hulett
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The Xinavane sugar mill in southern Mozambique is under threat of closure following a decision by its majority owner, South Africa’s Tongaat Hulett, to walk away from its other Mozambican mill at Mafambisse in the centre of the country.

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Agriculture The Xinavane sugar refinery. Photo: Tongaat Hulett
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South African sugar producer Tongaat Hulett, which operates two sugar plantations in Mozambique, is entering talks with its creditors after warning investors it made a $90 million loss over the last year - a drastic turnaround from the $44 million profit the company made the year [...]

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Business
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The free trade agreement between the European Union (EU) and the countries of the Southern African Development Community (SADC), finally implemented in Mozambique on Monday, will help develop domestic industry in Mozambique, the EU says.

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